In the wake of the Odisha train tragedy on June 2, it has been revealed that only a small number of passengers on the two trains involved had opted for the optional travel insurance cover offered by the Indian Railways. The low take-up rate highlights the need for mandatory insurance coverage to ensure passengers are adequately protected in the event of an accident.
Low Uptake of Optional Travel Insurance: Despite its minimal cost of just 35 paise per ticket, the optional travel insurance cover offered by the Indian Railways saw a low participation rate. Only around 10% of passengers on the two trains had chosen to avail the insurance cover. This means that the majority of victims and their families will not be eligible to claim compensation from the insurance company.
Importance of Mandatory Travel Insurance: The low uptake of the insurance cover in the Odisha train tragedy serves as a significant concern. It underscores the need for the Indian Railways to make travel insurance mandatory for all passengers. This step would ensure that all passengers are adequately protected and can claim compensation in the unfortunate event of an accident.
Benefits of Travel Insurance: The tragedy in Odisha serves as a reminder of the importance of travel insurance for all travelers. Purchasing travel insurance offers several benefits, including:
- Coverage for Medical Expenses: Travel insurance can help cover the costs of medical expenses in case of an accident during travel.
- Protection for Lost or Damaged Luggage: Travel insurance provides coverage for lost or damaged luggage, offering financial protection during your journey.
- Compensation for Travel Delays or Cancellations: Travel insurance can help cover the costs incurred due to travel delays or cancellations, ensuring peace of mind for travelers.
- Financial Security and Peace of Mind: Having travel insurance provides reassurance and financial protection, offering peace of mind in the face of unexpected events.
Choosing the Right Travel Insurance: When seeking travel insurance, it is recommended to compare quotes from different insurers. Additionally, carefully read the terms and conditions of the policy to ensure it meets your specific needs and provides adequate coverage.
Conclusion:
The low participation rate in the optional travel insurance cover offered by the Indian Railways in the Odisha train tragedy raises concerns about passenger protection. Making travel insurance mandatory for all passengers would ensure their adequate coverage in case of accidents. Travelers are urged to consider purchasing travel insurance to safeguard themselves and their families during their journeys.
